As stocks and credit both continue to rally, Brian Reynolds, chief market strategist at Rosenblatt Securities, said investors should opt for the former because the equity market will be boosted by stock buybacks.
U.S. stock index futures held their gains on the final trading day of the quarter, with the S&P taking another aim at its closing high level, as the calm surrounding the opening of Cyprus banks trumped a mixed bag of economic reports.
U.S. stock index futures were lower Wednesday as political uncertainty in Italy sparked fresh worries over the euro zone.
U.S. stock index futures remained largely unchanged following the latest round of economic reports, with the S&P 500 within 2 points of hitting its all-time closing high.
U.S. stock index futures added to gains Thursday, as investors cheered a better-than-expected weekly jobless claims report.
U.S. stock index futures were slightly lower Tuesday as investors looked to take a breather following a seven-day win streak on the Dow and S&P 500.